Nonresidential construction index rises slightly for Q4-2012
The NRCI rose less than one point to 55.5 for the fourth quarter. Concerns for the future include the rise of material costs and reduced productivity.
FMI released its Fourth Quarter Nonresidential Construction Index report. The NRCI of 55.5 is less than one point up from last quarter.
Panelists are slightly more positive about the national and local economies. However, views about the economic strength of their own businesses continue to fall. Reasons cited include a reduction in backlogs, the continued rise of material costs and lower productivity. This quarter, the panelists discuss:
- Delays and cancellations
- Changes in project size
- Energy related construction activity
- Market opportunities
- Experiences with the Office of Federal Contract Compliance
The full report can be downloaded here.